NYTimes: Europe is at risk of secular stagnation

August 30th, 2014

In a front page, New York Times story on August 30, 2014, Summer’s says, “Europe is at risk of secular stagnation.” He added, “There is little chance that reasonable and rapid growth is going to return to the Eurozone.” The article concluded, “A greatly diminished Europe will mean that the US will increasingly lack its best partners.”

Divisions grow as a Downturn Rock Europe. Read the full New York Times story here:

Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as the 71st Secretary of the Treasury for President Clinton and the Director of the National Economic Council for President Obama.